Reporting on Employee Surveys 1st Edition 2007 This report summarizes and analyzes publicly available data on employee survey results for the Fortune 100.
Companies with good employee survey results will, in general, outperform companies with poor results. Investors will want to invest in companies with good employee survey results unless they believe that information is already built into the stock price.
Of the Fortune 100, 31 reported on employee survey results, and of these 18 provided useful data. Almost all the companies that share data report above-average results. Hence, companies that do not share survey data have an above-average likelihood of having below-average human capital, as measured by employee surveys.
We also believe that companies that do not report data should be judged more harshly than those that do. We call this the doctrine of intentional unfairness. It is in the interest of investors to encourage companies to reveal useful information about intangible--which is precisely what many of the world's financial regulatory bodies have been requesting they do.
The one clear winner is Wells Fargo, a company whose survey results are outstanding and on an upward trend. GM also deserves mention because while the absolute numbers probably are not good, there is a significant upward trend in some measures over an unspecified period of time.
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